General World News

Somalia ‘Now in Good Standing’ With World Bank

The World Bank on Thursday said it is normalizing relations with the Federal Government of Somalia after 30 years.

The bank noted the Somali government’s “strong record of fiscal, political, social and economic reforms in recent years” in making the move.

“Normalizing relations means that the country is now in good standing with the World Bank,” World Bank Country Manager Hugh Riddell told VOA Somali. “It means that going forward Somalia will be able to access grants, grants financing for poverty reduction.”

He said the new grants will help Somalia invest in basic needs of the Somali people.

After 30 years, read more >>>

Source:: VOANews.Com